Slide 1: FY21 Earnings
SV, xy UBISO | .\ PAN SAN 4 FY21 EARNINGS ~ May 11, 2021 ‘ \. PF \
Slide 2: Disclaimer
DISCLAIMER Yves Guillemot, Chairman and Chief Executive Officer Frédérick Duguet, Chief Financial Officer D I S C L A I M E R This slide show may contain estimated financial data, information on future projects and transactions and future financial results/performance. Such forward-looking data are
Slide 3: Agenda
AGENDA FY21 PERFORMANCE F Y 2 2 TA R G E T S 3
Slide 4: FY21: Record performance in line with targets
FY21: RECORD PERFORMANCE INFY18 LINE WITH TARGETS 12-MONTHS NET BOOKINGS 2 241 M€, +46% YoY 1 609 M€, + 28% YoY, 72% of total net bookings DIGITAL REVENUES PLAYER RECURRING 780 M€, + 11% YoY, 35% of total net bookings) INVESTMENT BACK-CATALOG 1 288 M€, + 15% YoY, 58% of net bookings 4
Slide 5: FY21 Highlights
FY21 HIGHLIGHTS RECORD ACTIVITY ▪ 141 million unique players, up 20% STRENGTH OF BACK-CATALOG ▪ Share of net bookings > 50% for the 3rd consecutive year RISING VALUE OF UBISOFT’S ASSETS: Significant progression of portfolio value: ▪ All time high performance for Assassin’s Creed franchise ▪ Spectacu
Slide 6: FY21: Non-IFRS P&L
FY21: NON-IFRS P&L in € millions, except for per share data FY 2020-21 FY 2019-20 % % IFRS15 Sales 2,223.8 1,594.8 Deferred revenue related to IFRS15 standard 16.7 (60.8) Net bookings 2,240.6 1,534.0 Gross profit based on net bookings 1,914.8 85.5 1,280.9 83.5 Non-IFRS R&D expenses (784.9) (35.0) (6
Slide 7: FY21: R&D
FY21: R&D In € millions FY 2020-21 FY 2019-20 Depreciation of in-house software-related production 428.5 410.7 Depreciation of external software-related production and licenses 5.5 11.8 Royalties 34.1 23.5 Non Capitalized R&D & others* 316.8 234.8 Total R&D P&L 784.9 680.9 Capitalized in-house softw
Slide 8: FY21: IFRS / Non-IFRS Reconciliation
FY21 : IFRS / NON-IFRS RECONCILIATION In € millions FY 2020-21 FY 2019-20 except for per share data IFRS Adjustment Non IFRS IFRS Adjustment Non IFRS IFRS15 Sales 2,223.8 2,223.8 1,594.8 1,594.8 Deferred revenue related to IFRS15 standard 16.7 16.7 (60.8) (60.8) Net bookings 2,240.6 1,534.0 Total Op
Slide 9: FY21: Cash Flows & Closing Cash Position
FY21: CASH FLOWS & CLOSING CASH POSITION In € millions FY 2020-21 FY 2019-20 Non-IFRS Opening cash position (100.6) (293.8) Cash flows from operation 64.6 (169.9) Change in WCR 104.5 83.4 Cash flows from operating activities 169.0 (86.4) Net investment in capital assets (96.7) (104.7) Net free cash
Slide 10: Agenda
AGENDA FY21 PERFORMANCE F Y 2 2 TA R G E T S 10
Slide 11: FY22 Targets
FY22 TARGETS Q1 FY22e Q1 FY22 NET BOOKINGS: 320 M€ FY22 NET BOOKINGS: Single-digit growth - Back-catalog growth: Underlying robust dynamic, bigger post-launch plans and significantly stronger FY22e release slate in FY21 vs. FY20 should more than compensate strong comparison base - Growth from well-d
Slide 12: Appendix
APPENDIX 12
Slide 13: FY21 Proforma Performance
FY21 PROFORMA PERFORMANCE Presentation of impact of mobile reclassification on net bookings and gross margin FY21 – As reported FY21– Pro forma Q4 FY21– As reported Q4 FY21 – Pro forma NET BOOKINGS 2,240.6 M€ 2,198.4 M€ 484.9 M€ 474.4 M€ +46.1% yoy +46.1% yoy +16.2% yoy +22.2% yoy DIGITAL NET BOOKIN